Ulster County retains AA bond rating

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

KINGSTON – Ulster County has maintained its AA credit rating in the most recent October ratings by S&P Global citing “strong management, with good financial policies and practice.”

“I can confidently say that Ulster County is on the strongest financial footing it has been on in well over a decade,” said County Executive Patrick Ryan.

S&P cited a number of reasons for their rating, including the county’s strong management with good financial policies, strong budgetary performance with operating surpluses in the general fund, and strong budgetary flexibility.

Last month, Ryan unveiled his 2022 proposed county budget of $351.1 million, which includes no increase in the tax levy and no layoffs.